AXT ( $AXTI ) jumped 20% after reporting a blowout Q2 that highlighted surging AI infrastructure demand. Revenue soared 160% YoY, while gross margin expanded to 44.9% from 8% a year ago. The company also posted record indium phosphide revenue, fueled by growing demand for data center optical connectivity. Management says continued investments in capacity and its integrated supply chain position AXT to capture rising AI and networking demand. Can AI infrastructure demand keep driving this momentum? $NVDA $AVGO $CIEN
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